I decided to take most of this summer off in order to focus on developing several edges I had been monitoring on the altcoin side (much more about that shortly). And I’m really glad I did because effectively bitcoin, and by extension the entire crypto market, has been running in circles since late March.
As a result retail sentiment has descended to bottom barrel levels, which to me is a bit puzzling as bitcoin keeps coiling around the $60k mark and not the $16k mark as in 2022. I was slumming it in reddit/bitcoin the other day and a good part of that crew is in semi-bearish mode, ready to head to the hills should we see another stab lower.
But such is the eternal purgatory of the retail trader, ever condemned to buy the highs and sell the lows 😉
Anyway, time to see what the fall and winter season may have in store for us:
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Michael